FilingReader Intelligence
SBI to divest entire stake in Jio Payments Bank
March 4, 2025 at 07:02 PM UTC•By FilingReader AI
State Bank of India (SBI) has announced the divestment of its complete stake in Jio Payments Bank Limited. The decision was approved by the Executive Committee of the Central Board of Directors of SBI. A total of 790.8 million equity shares will be sold to Jio Financial Services Limited at a price of ₹13.22 per share, realizing ₹104.54 crore, subject to regulatory approvals. Jio Financial Services Limited is a Promoter of Jio Payments Bank holding 82.17% shareholding in JPBL.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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BSE:SBIN•Bombay Stock Exchange
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